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Cost-Saving Ideas: Legal Requirements
… or more "banks" or "trust companies" for deposit of public funds and for the securing of public deposits. Section 11 … 5-a authorizes local government officers to transfer funds electronically, subject to conditions. Section 99-b … establishment of, and expenditures from, repair reserve funds for cities, counties, towns, villages, school …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-legal-requirementsDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… with Goldman Sachs Asset Management (GSAM) to invest in a diverse group of global equity strategies viewed as having strong potential to enhance the … holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
… by State Comptroller Thomas P. DiNapoli. “The revenue news for New York was positive for the first quarter,” …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-state-tax-receipts-through-first-quarter-exceed-financial-plan-projections-1-point-7-billionNY State Comptroller Thomas P. DiNapoli Statement on the SEC's Adoption of Climate Change Disclosure Rule
… (SEC) adoption of the Climate Change Disclosure Rule: “This is a significant victory for investors who are committed to mitigating the real investment risks … climate risk disclosure is not done. Investors must be vocal in the protection of this rule and continue to …
https://www.osc.ny.gov/press/releases/2024/03/ny-state-comptroller-thomas-p-dinapoli-statement-secs-adoption-climate-change-disclosure-ruleDiNapoli Releases Year-End and April Cash Reports
… the prior month. The cash report focuses on two primary funds: General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-releases-year-end-and-april-cash-reportsDiNapoli: Drastic State Revenue Shortfall in April
… significant revenue declines occurred for New York in April as a result of the COVID-19 pandemic and the three … to reduce most local assistance and state agency spending in order to maintain budget balance. The budget is deemed out … spending reductions or other options. Other items of note in the report: On an all governmental funds basis, PIT …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-drastic-state-revenue-shortfall-aprilState Agencies Bulletin No. 2022
… the enactment of the New York State (NYS) fiscal year 2022-23 budget, OSC would like to provide notice of the … Executive Branch* employees paid on the Administration pay cycle may be affected, including the Governor, Lieutenant … employed in State-operated special employment, work-for-pay or sheltered workshop programs. Note: Pursuant to section …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2022-paycheck-distribution-april-13-2022-administration-cycle-paychecksComptroller DiNapoli Releases Municipal Audits
… Financial Management (Lewis County) The unexpended surplus funds in the village's general fund increased nearly $200,000 … 2013. As a result, the general fund's unexpended surplus funds in 2012-13 reached 182 percent of next year's … Library officials have not communicated these surplus funds to taxpayers. Library officials have also maintained a …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-auditsNYSLRS Announces Employer Contribution Rates for 2024-25
… state’s pension fund remains one of the strongest pension funds in the nation, and the rates announced today will help … systems. A high funding ratio means NYSLRS has the funds available to pay out retirement benefits to its more … DiNapoli has been a leader in the trend of public pension funds lowering their assumed rates of return to better enable …
https://www.osc.ny.gov/press/releases/2023/08/nyslrs-announces-employer-contribution-rates-2024-25IX.10.B Federal Treasury Offset Program (TOP) Background – IX. Federal Grants
… is used for billing purposes, grant award applications, and drawdowns of federal grant funds from the Department of … agency will be contacted by the NYS Department of Taxation and Finance’s Treasury staff. Monthly (by the 10 th ) OSC will email each debtor agency and each agency whose drawdowns were reduced, a report …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10b-federal-treasury-offset-program-top-backgroundOversight of the Educational Opportunity Program
… audit covered the period from July 2019 through December 2024. About the Program SUNY operates the EOP, which provides … Expenditures for EOP in State fiscal year 2023-2024 totaled $38.6 million. Key Findings Overall, we … audit covered the period from July 2019 through December 2024 …
https://www.osc.ny.gov/state-agencies/audits/2025/03/26/oversight-educational-opportunity-programDiNapoli Releases August State Cash Report
… due to lower PIT collections, the difference from the latest estimates is primarily from lower than projected … Overall spending was nearly $368 million lower than the latest projections and $193 million below Enacted Budget … higher than last year but $340.1 million lower than the latest projections. The largest local assistance spending …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-releases-august-state-cash-reportDiNapoli Releases December State Cash Report
… of the Budget’s (DOB) latest projections, according to the monthly state cash report issued today by New York … Jan. 13) and nearly $2.7 billion over initial projections from the Enacted Budget. The General Fund ended December with … percent) higher than last December 31. Other findings from the December cash report include: Personal income tax …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-releases-december-state-cash-reportAmazon Shareholders Urged To Support Audit of Company’s Policies on Racial Inclusion
… State Common Retirement Fund is the third largest public pension fund in the United States with estimated assets of …
https://www.osc.ny.gov/press/releases/2021/05/amazon-shareholders-urged-support-audit-companys-policies-racial-inclusionNYS Comptroller DiNapoli Appoints First Director of Sustainable Investments and Climate Solutions
… Investing at Colonial Consulting, focusing on SRI, ESG and impact investments. Prior to that, Siwo was a …
https://www.osc.ny.gov/press/releases/2020/01/nys-comptroller-dinapoli-appoints-first-director-sustainable-investments-and-climate-solutionsFormer Lake George Watershed Coalition Director Sentenced to 8-24 Years for Stealing Nearly $250,000 in State Grant Funds
… must be held accountable. We cannot stand by while the public trust is so blatantly violated. I commend the efforts … taking office in 2007, DiNapoli has committed to fighting public corruption and encourages the public to help fight fraud and abuse. New Yorkers can report …
https://www.osc.ny.gov/press/releases/2020/09/former-lake-george-watershed-coalition-director-sentenced-8-24-years-stealing-nearly-250000-stateHousing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Follow-Up)
… January 18, 2024, HUD allocated about $340 million in CDBG funds to HCR for grant years 2017 through 2023, and about … the same period, HUD allocated about $177 million in HOME funds to HCR, as well as approximately $93 million more in … corporations. LPAs are subrecipients of pass-through funds from HCR; however, they may elect to further subgrant …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/housing-trust-fund-corporation-internal-controls-and-maximization-federal-funding-communityDiNapoli: Former Citizens Hose Fire Company Treasurer Arrested for Stealing More Than $100,000
… cards, make retail purchases, and to pay for online video games. The case was referred to DiNapoli’s Division of …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-former-citizens-hose-fire-company-treasurer-arrested-stealing-more-100000DiNapoli Releases August Cash Report
… tax collections were $355.6 million higher than the latest projections and $1.3 billion over initial projections … balance of just under $9.5 billion, $580 million over the latest Financial Plan projection. Other findings from the … from the previous year and $28.9 million higher than the latest projections. Business taxes and other tax receipts …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-releases-august-cash-reportDiNapoli and James Announce Guilty Plea of Former New York City Council Candidate in Straw Donation Scheme
… Crotona Day Care Center. “Mr. Alvarez thought he could game New York City's public campaign finance system through …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-and-james-announce-guilty-plea-former-new-york-city-council-candidate-straw-donation-scheme